Unique opportunity to purchase this Portfolio of 4 Properties with FRI (Full Repairing and Insuring) Leases which means you do not have to worry about void periods, management or maintenance charges. You will get a fixed return of 8% rental yield throughout the duration of the leases which run until 2024/2025.
- 4 x Tenanted 2-bedroom terraced properties with Full Repairing and Insuring Leases in place until 2024 / 2025
- no voids, maintenance charges or management fees whilst lease is in place and good chance to lease renewal at the end of the period
- Properties returned to their original condition at the end of the lease
- The properties are all freehold
- EPC Ratings are 2x D's & 2x C's
These properties are let at £18,000 per annum which is £1,500 per month. This is the amount you will take home each month as all maintenance and management charges will be taken care of by the supported housing organisation. They will also pay every month whether the house is occupied or not. This gives a net yield of 8%.
- As opposed to the rest of the properties we sell, we will not be managing these properties. The current leaseholder will be managing the properties instead.
- They are a not for profit organisation, in operation since September 2017
- They Provide housing and support in the local area for adults with low level needs
- As a Community Interest Company the Government Regulator of Community Interest Companies regulate their services and business as a whole